ITAB - ITAB's largest order in shop fitting and equipment

ITAB's largest order in shop fitting and equipment

6/2/2010 3:36:00 PM

ITAB Shop Concept has reached an agreement with one of Europe's largest grocery chains. The order value is estimated to over 400 million SEK (€ 40 million) during 2.5 years starting with immediate delivery.

One of the largest and most successful grocery chains in Europe, which also is the market leader in Britain, has chosen ITAB as main supplier of shop fittings, shop equipment, installation and service to large parts of its store interior program in Europe. The agreement comprises products and installations in the UK, Poland, Hungary, Czech Republic, Slovakia and Turkey.

The agreement, which is the largest order ever for ITAB, includes ITAB to produce, deliver, install and manage the projects for the main part of the total construction and restructuring program to the customer's stores in Europe during the period 2010 to 2012.

ITAB welcomes the agreement as very important as it spans over a long period of time and enable a strategic approach based on strengthening a European agreement. Estimates indicate ITABs order volume at over 400 million SEK.

ITAB supplies complete shop interiors for general and trade retailers. The company’s operations comprise project management, design, development, manufacture and sales. Besides shop fittings, predominantly in wood and metal, the range of concepts on offer also includes shop equipment (cash desks, entry systems, etc.) and in-house developed products. ITAB Shop Concept had a turnover during 2009 of SEK 2,8 billion and at the turn of the year ca. 1.500 employees.

ITAB Shop Concepts certified advisor is Remium AB.

For further information, please contact:
ITAB Shop Concept AB  
CEO Ulf Rostedt  
Phone:  +46 36 31 73 00

d. CEO  Mikael Gustavsson  
Phone:  +46 36 31 73 00
Box 9054, SE-550 09 JÖNKÖPING    
Telefon: +46 [0]36 31 73 00